It was a feast and then famine week for USD bulls, as the week started with the same bullish trend that’s been coursing for the past two weeks. Perhaps more interesting was the spot on the chart where this was taking place. I’ve been discussing the 102 level in DXY for some time now, as this is a key Fibonacci level that helped to set the June low. And when the pullback from the failed breakdown began, this became a key spot to monitor for bearish reaction, as sellers could’ve continued the downside trend with a hold at that level. But Monday and Tuesday saw bulls drive DXY above that level and Wednesday led ... (full story)
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2023-08-04 20:07:00Z
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